Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 0.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,780,525 shares of the transportation company’s stock after selling 11,884 shares during the period. Thrivent Financial for Lutherans’ holdings in Delta Air Lines were worth $84,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in DAL. Norges Bank acquired a new stake in Delta Air Lines during the fourth quarter worth about $65,056,000. Wells Fargo & Company MN boosted its position in Delta Air Lines by 7.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,127,607 shares of the transportation company’s stock worth $45,364,000 after purchasing an additional 73,936 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of Delta Air Lines by 6.5% during the 4th quarter. D.A. Davidson & CO. now owns 24,702 shares of the transportation company’s stock worth $994,000 after purchasing an additional 1,509 shares during the period. Assetmark Inc. increased its holdings in shares of Delta Air Lines by 94.3% during the 4th quarter. Assetmark Inc. now owns 1,397 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 678 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Delta Air Lines by 2.8% in the 4th quarter. Franklin Resources Inc. now owns 1,440,744 shares of the transportation company’s stock valued at $57,961,000 after purchasing an additional 39,190 shares during the period. 69.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DAL has been the topic of several analyst reports. TD Cowen dropped their price target on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Citigroup increased their target price on shares of Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Sanford C. Bernstein cut their price target on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a research note on Friday, July 12th. Finally, Jefferies Financial Group dropped their price objective on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, June 28th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $61.52.

Delta Air Lines Stock Performance

NYSE DAL opened at $46.94 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35. The stock’s 50 day simple moving average is $42.36 and its 200-day simple moving average is $46.29. The company has a market cap of $30.29 billion, a PE ratio of 6.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Delta Air Lines, Inc. has a 1-year low of $30.60 and a 1-year high of $53.86.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The firm had revenue of $15.41 billion during the quarter, compared to analysts’ expectations of $15.45 billion. During the same quarter in the previous year, the business posted $2.68 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities research analysts anticipate that Delta Air Lines, Inc. will post 5.99 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.60 annualized dividend and a yield of 1.28%. Delta Air Lines’s dividend payout ratio is presently 8.63%.

Insider Buying and Selling at Delta Air Lines

In related news, Director Willie Cw Chiang bought 10,000 shares of the stock in a transaction dated Friday, July 12th. The shares were acquired at an average cost of $43.90 per share, for a total transaction of $439,000.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $878,000. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is owned by insiders.

Delta Air Lines Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.